J.P.J.C.: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
J.P.J.C.
Largest movements
- Deferred charges and accrued income -€13,383
down €13,383 (-90.6%), from €14,770 to €1,387
- Tangible fixed assets -€9,434
down €9,434 (-16.7%), from €56,351 to €46,917
of which Other tangible fixed assets: -€9,139
- Receivables within one year +€5,455
new in 2025: €5,455
of which Other amounts receivable: +€5,000
- Cash -€5,092
down €5,092 (-3.8%), from €135,522 to €130,430
mainly Contributions, distributions and other (-€40,000) and Trade debts (-€11,817)
- Trade debts -€11,817
down €11,817 (-64.0%), from €18,466 to €6,649
- Debts after one year -€5,964
down €5,964 (-66.4%), from €8,988 to €3,024
- Profit (loss) carried forward +€5,623
up €5,623 (+12.6%), from €44,575 to €50,197
- Tax, wage and social debts -€5,485
down €5,485 (-16.5%), from €33,199 to €27,713
of which Taxes: -€7,055
- Short-term financial debts -€3,390
no longer reported in 2025 (was €3,390)
- Staff costs +€5,438
up €5,438 (+3.4%), from €159,914 to €165,351
- Gross operating margin -€3,484
down €3,484 (-1.5%), from €238,376 to €234,892
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €212,787 | €189,008 | -€23,779 | -11.2% |
| Fixed assets | 21/28 | €56,471 | €47,037 | -€9,434 | -16.7% |
| Tangible fixed assets | 22/27 | €56,351 | €46,917 | -€9,434 | -16.7% |
| Plant, machinery and equipment | 23 | €1,730 | €1,705 | -€25 | -1.5% |
| Furniture and vehicles | 24 | €694 | €424 | -€271 | -39.0% |
| Other tangible fixed assets | 26 | €53,926 | €44,788 | -€9,139 | -16.9% |
| Financial fixed assets | 28 | €120 | €120 | = | 0.0% |
| Current assets | 29/58 | €156,316 | €141,971 | -€14,344 | -9.2% |
| Stocks and contracts in progress | 3 | €6,024 | €4,700 | -€1,325 | -22.0% |
| Stocks | 30/36 | €6,024 | €4,700 | -€1,325 | -22.0% |
| Amounts receivable within one year | 40/41 | - | €5,455 | +€5,455 | |
| Trade receivables | 40 | - | €455 | +€455 | |
| Other amounts receivable | 41 | - | €5,000 | +€5,000 | |
| Cash at bank and in hand | 54/58 | €135,522 | €130,430 | -€5,092 | -3.8% |
| Deferred charges and accrued income | 490/1 | €14,770 | €1,387 | -€13,383 | -90.6% |
| Total equity and liabilities | 10/49 | €212,787 | €189,008 | -€23,779 | -11.2% |
| Equity | 10/15 | €100,035 | €105,657 | +€5,623 | +5.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €36,860 | €36,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €35,000 | €35,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €44,575 | €50,197 | +€5,623 | +12.6% |
| Amounts payable | 17/49 | €112,752 | €83,351 | -€29,402 | -26.1% |
| Amounts payable after more than one year | 17 | €8,988 | €3,024 | -€5,964 | -66.4% |
| Financial debts | 170/4 | €8,988 | €3,024 | -€5,964 | -66.4% |
| Amounts payable within one year | 42/48 | €103,764 | €80,326 | -€23,438 | -22.6% |
| Current portion of amounts payable after more than one year | 42 | €5,853 | €5,964 | +€111 | +1.9% |
| Financial debts | 43 | €3,390 | - | -€3,390 | |
| Credit institutions | 430/8 | €3,390 | - | -€3,390 | |
| Trade debts | 44 | €18,466 | €6,649 | -€11,817 | -64.0% |
| Suppliers | 440/4 | €18,466 | €6,649 | -€11,817 | -64.0% |
| Taxes, remuneration and social security | 45 | €33,199 | €27,713 | -€5,485 | -16.5% |
| Taxes | 450/3 | €18,241 | €11,186 | -€7,055 | -38.7% |
| Remuneration and social security | 454/9 | €14,958 | €16,528 | +€1,570 | +10.5% |
| Other amounts payable | 47/48 | €42,857 | €40,000 | -€2,857 | -6.7% |
| Remuneration, social security and pensions | 62 | €159,914 | €165,351 | +€5,438 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,866 | €10,214 | -€651 | -6.0% |
| Other operating charges | 640/8 | €713 | €735 | +€23 | +3.2% |
| Gross operating margin | 9900 | €238,376 | €234,892 | -€3,484 | -1.5% |
| Operating profit (loss) | 9901 | €66,883 | €58,591 | -€8,293 | -12.4% |
| Financial income | 75/76B | - | €311 | +€311 | |
| Recurring financial income | 75 | - | €311 | +€311 | |
| Financial charges | 65/66B | €1,704 | €1,727 | +€23 | +1.3% |
| Recurring financial charges | 65 | €1,704 | €1,727 | +€23 | +1.3% |
| Profit (loss) for the period before taxes | 9903 | €65,179 | €57,174 | -€8,005 | -12.3% |
| Income taxes | 67/77 | €13,244 | €11,551 | -€1,692 | -12.8% |
| Profit (loss) for the period | 9904 | €51,935 | €45,623 | -€6,312 | -12.2% |
| Profit (loss) for the period to be appropriated | 9905 | €51,935 | €45,623 | -€6,312 | -12.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.